Bitcoin Forum
February 17, 2018, 08:11:22 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 [238] 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 »
  Print  
Author Topic: The future of the paper money  (Read 413416 times)
nagatraju
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile WWW
November 22, 2017, 01:51:36 PM
 #4741

I don't think that paper currency is facing any competetion from Bitcoin... as Bitcoin is very volatile commodity and its not as stable as paper money. Moreover transaction in Bitcoin charge the high transaction fee which makes impossible the small transaction in Bitcoin.


NEUROMATION

▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
    █▄     
    ███▄   
    ██▀██▄ 
█▄   ▀  ▀██▄
███▄      ██
██▀██▄    ██
██  ▀██▄  ██
██    ▀██▄██
██▄     ▀███
 ▀██▄  ▄  ▀█
   ▀██▄██  
     ▀███  
       ▀█  
▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
....Distributed Synthetic Data Platform for Deep Learning Applications....
▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬
Facebook LinkedIn Twitter White Paper Reddit YouTube Medium
▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
1518898282
Hero Member
*
Offline Offline

Posts: 1518898282

View Profile Personal Message (Offline)

Ignore
1518898282
Reply with quote  #2

1518898282
Report to moderator
1518898282
Hero Member
*
Offline Offline

Posts: 1518898282

View Profile Personal Message (Offline)

Ignore
1518898282
Reply with quote  #2

1518898282
Report to moderator
1518898282
Hero Member
*
Offline Offline

Posts: 1518898282

View Profile Personal Message (Offline)

Ignore
1518898282
Reply with quote  #2

1518898282
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
trako
Hero Member
*****
Offline Offline

Activity: 546
Merit: 503


RepuX - Enterprise Blockchain Protocol


View Profile
November 22, 2017, 03:11:35 PM
 #4742


paper money, of course, is something that will remain primitive for the developing technology and the world, even now we are doing our money transactions through internet banking, without touching it and realizing it with virtual money, so the future of paper money is very dark and temporary for our present life.

▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄
███████████▄    ▄███████████
█████████████▄▄█████████████
████████████████████████████
████████████████████████████
▀█████████████████████████▀
  ▀█████████████████████▀
   ▄████████████████████▄
 ████████████████████████▄
████████████████████████████
████████████████████████████
█████████████▀▀█████████████
███████████▀    ▀███████████
▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀▀▀▀▀▀
RepuX▄██▄
████
████
████
████
████
████
████
▀██▀
.Decentralized Data & Applications Protocol For SMEs.
.
▔▔▔▔  ●  Twitter  ●  Facebook  ●  Bitcointalk  ●  Reddit  ●  ▔▔▔▔
▄██▄
████
████
████
████
████
████
████
▀██▀
Enterprise Blockchain Protocol
.GET WHITELISTED.
Token Sale starts 6th of February 2018
alexzorgo
Full Member
***
Offline Offline

Activity: 182
Merit: 101



View Profile
November 22, 2017, 03:33:30 PM
 #4743

My opinion, paper money will disappear in the next 50 years. In development they changed in the amount of, constantly decreasing. With the advent of powerful chips, now desktop computers without problems can be replaced with tablets and smartphones. I think, the main restriction in use of cashless payments, it is impossibility at the moment to make a full-fledged microcomputer of the size of a credit card. As soon as the problem is resolved, paper money will consign to the past.

EdenHazard
Legendary
*
Offline Offline

Activity: 980
Merit: 1000

init1


View Profile
November 22, 2017, 04:03:23 PM
 #4744

I like paper money, easier to use in daily transactions because we do not always need a connection in transactions. But I also like bitcoin because its value is very big and make it easier to transact online. So I thought the paper money would be forever.
There are lot of speculations regarding this aspect. There is no way that we can experience a cashless society. People are using paper money since centuries and they actually believe in paper money. They will never ever go accept this thing and they will keep on using paper money in the coming days as well. Paper money will remain there at its very own place and bitcoin will not have any kind of effect on paper money.
yes but at least we can see with the data available about how people welcoming the digital era especially about electronic money , so far so good , a lot of people start to wake up about the digital money urgency .

it makes everything done easier and effective , just the matter of time paper money get forgotten slowly.
Casabrandy
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


I'm not CrAzY


View Profile
November 23, 2017, 06:17:30 AM
 #4745

Paper cash is going to be eliminated quickly or later on,credit and debit credit cards as bitcoin will change and become the primary method to moove your hard earned money ,soo they can begin an coutdown,as governements see the things they can help to save stop printing the coins ,but with printed cash they are able to control the flux of the forex.
more people tends to depend more on cards or digital ways of payme.t other than having caah, soon only few people will use it as their main source of transactions since innovation were already happening now.

                ▄▄████▄▄
            ▄▄███▀▀  ▀▀███▄▄
        ▄▄███▀▀          ▀▀███▄▄
    ▄▄███▀▀                  ▀▀███▄▄
 ▄███▀▀                          ▀▀███▄
██▀        ▄█████▄    ▄▄████▄▄       ▀██
██      ▄▄█▀▀   ▀▀██▄█▀▀▀  ▀▀██▄      ██
██     ██▀          ▀          ██▄    ██
██    ██▀        ▄              ██    ██
██    ███       ███             ██    ██
██▄▄▄▄▄██▄   ▄▄████ ▄█████     ▄█▀    ██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀█▄█▀       ▄██▀     ██
                  ██▀      ▄██▀       ██
             ▄▄▄         ▄██▀         ██
              ▀██▄     ▄██▀           ██
▀██▄▄           ▀██▄ ▄██▀          ▄▄██▀
  ▀▀███▄▄         ▀███▀        ▄▄███▀▀
      ▀▀███▄▄             ▄▄███▀▀
          ▀▀███▄▄      ▄▄███▀▀
              ▀▀██▄▄▄███▀▀
                 ▀▀█▀▀
simplyvital health
██
██
║║║║
║║║║
██
██
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
.
.Powering True Care Coordination.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
██
██
║║║║
║║║║
██
██
██
██
║║║║
║║║║
██
██
██
██
║║║║
║║║║
██
██
diegz
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
November 23, 2017, 10:39:06 AM
 #4746

Paper cash is going to be eliminated quickly or later on,credit and debit credit cards as bitcoin will change and become the primary method to moove your hard earned money ,soo they can begin an coutdown,as governements see the things they can help to save stop printing the coins ,but with printed cash they are able to control the flux of the forex.

If they want to save the cost of printing paper money, they could go with digital money, credit card and debit cards could play a major role.

In my opinion, it would take time before fiat money will disappear. The world is not equal, there are places where paper money is widely used and there are also places where there is no internet and people who can't use it. Paper money would only disappear if the whole world would decide that they should stop producing it and support digital money, otherwise, paper money will always be there and cryptocurrencies will just be an option.

magle
Member
**
Offline Offline

Activity: 112
Merit: 10

Gambling Investment Fund


View Profile
November 23, 2017, 10:43:28 AM
 #4747

Paper money is going away, at least in Denmark. From January 1st 2018, some type of stores are even allowed to refuse cash (paper money). It is simply just the beginning of the end for paper money.
However I'm quite sure that crypto will not just take over. The governments need to follow the flow of money to handle tax fraud etc.

                                                                                         Invest in a working business    ✔︎     ǀ      Follow us & check out the   whitepaper   
● ⚫ GIFcoin ⚫ ●      ǀ     Gambling Investment Fund     ǀ     80% of net profits are shared    ✔︎     ǀ                                                                           
                                                                                                    Profit share token                  ✔︎     ǀ      Website  -  Announcement  -  Twitter  -  Telegram
mixelalex
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
November 23, 2017, 11:23:56 AM
 #4748

Probably, they will also disappear, like gold ones, someday. When all the corners of the earth are digitized. And someday it will happen.

tranquanghuy
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
November 23, 2017, 11:32:25 AM
 #4749

I know that in the future paper money will be disappear and replace by others, may be card or else
lelahkenabanned
Member
**
Offline Offline

Activity: 107
Merit: 10


View Profile
November 23, 2017, 11:46:52 AM
 #4750

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


the future of paper money may no longer be useful because it is now developing and competing to create digital currencies such as bitcoin to cope with the economic crisis in the future. because by using digital currencies more efficient and more environmentally friendly.

btc78
Full Member
***
Offline Offline

Activity: 238
Merit: 102



View Profile
November 23, 2017, 11:55:56 AM
 #4751

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Even though bitcoin has reached very high heights of success and is very popular among people of all ages but still I don’t think that bitcoin will be able to replace money and paper money does have a future because firstly paper money is very popular way more popular than bitcoin and has more users than bitcoin. Then paper money does not require any internet connection to run whereas without a stable internet connection bitcoin cannot run and will end. Then paper money is stable and centralised whereas bitcoin is not stable and is decentralised.
Both has their own worlds. Bitcoin existing in the digital world and paper money in the physical world. They all have their differences and each has their own purpose. Being able to hold paper money in our hands is more efficient for people all around the world because not every one has the technology to use bitcoin. While bitcoin being virtually controlled needs technology to be use. I think we both need these two because we all have different point of views.
thats the reality bitcoin is virtual and paper money is physical they both different functions..lets accept the reality that physical money wont be take over by digital money.imagine how will we use digital money if theres lack of electricity or power,when the internet wasnt available cant we see that situation?while the physical money is functional .

ridwan4619
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
November 23, 2017, 12:04:09 PM
 #4752

Paper money will stay forever.
Why? Because its easier to make than coins.

I agree with your opinion, because it is not only easy to make paper money is also more flexible to carry but I also like bitcoin because it is easier to use in online transactions and more profitable when we invest.
Honest Tim
Hero Member
*****
Offline Offline

Activity: 790
Merit: 1000



View Profile
November 23, 2017, 12:06:17 PM
 #4753

Money is only an agreement from the lender that he is liable to pay the borrower the certain amount of goods or services equivalent in the foreseeable future.If we look at the history of money, in the initial days, there was no concept of money and only one type of good was exchanged for another type. Through the evolution of time, the concept of bond or agreement to pay the borrower in future came forward.This idea changed the way we exchange our services for another. Instead of directly being paid with equivalent amount of another substitute we were given paper notes which became the medium of exchange.So going in this way, the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made(e.g robbery or fake notes etc) causes. So I think the future money will be digital, where the concept of bearing liabilities would be the main theme without any real exchange of material stuffs of any kind.
hynext
Full Member
***
Offline Offline

Activity: 168
Merit: 105



View Profile WWW
November 23, 2017, 05:25:29 PM
 #4754

I think paper money won't disappear or banned, but I am looking forward for this digital currency. In the future we can't predict what is the best way of our currency, as of now we have paper, plastic and cryptocurrency. Until the government and central bank will print a paper money do we need them and never be replace it.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
DIW ◈    DIWtoken.com    ▐   WHITEPAPERANN THREADTELEGRAM   ▌    SECURITY DECENTRALIZED
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
tdrinker
Full Member
***
Offline Offline

Activity: 154
Merit: 102


Cryptocurrency Wallet - Denaro.io


View Profile
November 23, 2017, 05:38:46 PM
 #4755

Paper money is outdated and will cease to exist soon, it is harmful to the planet, costly to print and much easier to fake than a good digital currency will be. On top of that it is much harder to track transactions in cash which is something governments would love to be able to do.

Md.Sufian
Member
**
Offline Offline

Activity: 126
Merit: 10


View Profile
November 23, 2017, 08:42:04 PM
 #4756

People are now interested in trading online. Bitcoin Forum Project is one of the most popular online media platforms. The speed at which online activities are going forward I think the paper money will be difficult to find in the future. So people will deal in the future through online.

CowboyKiller
Sr. Member
****
Offline Offline

Activity: 468
Merit: 250


View Profile
November 23, 2017, 09:27:07 PM
 #4757

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Even though bitcoin has reached very high heights of success and is very popular among people of all ages but still I don’t think that bitcoin will be able to replace money and paper money does have a future because firstly paper money is very popular way more popular than bitcoin and has more users than bitcoin. Then paper money does not require any internet connection to run whereas without a stable internet connection bitcoin cannot run and will end. Then paper money is stable and centralised whereas bitcoin is not stable and is decentralised.
Both has their own worlds. Bitcoin existing in the digital world and paper money in the physical world. They all have their differences and each has their own purpose. Being able to hold paper money in our hands is more efficient for people all around the world because not every one has the technology to use bitcoin. While bitcoin being virtually controlled needs technology to be use. I think we both need these two because we all have different point of views.
thats the reality bitcoin is virtual and paper money is physical they both different functions..lets accept the reality that physical money wont be take over by digital money.imagine how will we use digital money if theres lack of electricity or power,when the internet wasnt available cant we see that situation?while the physical money is functional .
Suretly, we can not negate the role of paper money. In my country, the popularity of digital currency also grow many much, but the most of normal user still like using paper money for daily. It is useful and friendly, does not need us have internet to access our money.
Glaseseye
Jr. Member
*
Online Online

Activity: 72
Merit: 0


View Profile
November 23, 2017, 10:02:38 PM
 #4758

Suretly, we can not negate the role of paper money. In my country, the popularity of digital currency also grow many much, but the most of normal user still like using paper money for daily. It is useful and friendly, does not need us have internet to access our money.

● ⚫ GIFcoin.io ⚫ ●
Gambling Investment Fund (http://gifcoin.io)
Working business ✔ 80% of net profit shared with Holders ✔[/
karanggatak
Hero Member
*****
Offline Offline

Activity: 546
Merit: 501



View Profile
November 23, 2017, 10:12:42 PM
 #4759

i think paper money cant be replace by digital money. but if digital money walk beside of paper money, it sound good.
many country rejected virtual because of the existence. prone of hack, we can forgot our password too so it danger for us. and for government people, it can be money laundry that can difficult to track people who make cheat

         ▄▄███████▄▄▄▄▄
       ▄███▀█▀▀▀▀███████████▄
     ▄███▀▄▄▀█▄       ▀▀█▀▀████▄
   ▄███▀█▀     ▀▄ ▄▄▄ ▄▀ ▀▄ ▄▄████▄
 ▄███▀   █       ▀█▄█▀     ▀█▄█ ▀███▄
███▀    ▄█▄       ▄█▄       ▄█▄   ▀███
███▄   ▄█▄█▄     ▄█▄█▄     ▄█▄█▄    ▀██
 ▀███▄█▀   ▀█▄ ▄█▀   ▀█▄ ▄█▀   ▀█▄ ▄█▀██
  ███▀       ▀█▀       ▀█▀       ▀█▀  ██
   ███       ▄█▄       ▄█▄       ▄█▄   ██
    ███     ▄█▄█▄     ▄█▄█▄     ▄█▄█▄  ██
     ███▄▄▄█▀   ▀█▄ ▄█▀   ▀█▄ ▄█▀   ▀█▄██
      ▀██████▄    ▀█▀▄█▄    ▀█▀     ▄███
           ▀███▄  ▄█████   ▄█ █   ▄███▀
             ▀█████▀▀ ██   █   █▄███▀
               ▀█▀    ███ ▄█  ▄███▀
                       ██ █ ▄███
                       ██▄█▄██▀
                        █████
                        ███▀
.MYRIADS.IO.  █
  █
  █
███
  █
  █
███
  █
  █
███
  █
  █
  █
  █
  █
  █
███
  █
  █
███
  █
  █
███
  █
  █
  █
  █
  █
  █
███
  █
  █
███
  █
  █
███
  █
  █
  █
BlockchainCoder
Member
**
Offline Offline

Activity: 140
Merit: 10


View Profile
November 23, 2017, 10:12:51 PM
 #4760

Many European countries are almost no need of use notes, all the shops,restaurants ect. are accepte creditcard, mobilpay. It's could be quite difficult to yes encrypted coin in next few years according with the unsta6 exchange currency.

▌▌   Anonymous and Untraceable     ›› ››   DeepOnion  ‹‹ ‹‹     TOR INTEGRATED & SECURED    ▌▌
▬▬▬▬▬▬▬▬▬▬     ANN  Whitepaper  FACEBOOK  Twitter  Youtube  Forum     ▬▬▬▬▬▬▬▬▬▬
▌▌   ••  JOIN AIRDROP 🚀  ••  |||   Download DeepOnion   |||   ✅ Verified with DeepVault    ▌▌
Pages: « 1 ... 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 [238] 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!